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Health IT projects to top $34B in 2014

Healthcare provider IT spend will go to highest-priority and efficiency projects

Spurred by current regulatory trends, large North American healthcare organizations can expect to pay $34.5 billion for health IT next year.

The average budget of payers and providers upgrading their infrastructure to meet regulations – $18 million and $12 million respectively – will be allocated across workloads, such as electronic health records (EHRs) and electronic medical records (EMRs), claims management and call centers, said Technology Business Research (TBR) in its new SourceIT Healthcare Report.

[See also: 5 ways to manage the cost of health IT]

Researchers for TBR’s SourceIT Healthcare Report surveyed 225 IT decision makers across the C-suite and line-of-business managers at payers and providers, and conducted 25 qualitative, in-depth interviews to uncover spending intentions, priorities and perceptions. 

The in-depth interviews underscored the importance decision makers place on industry expertise and clarified that budgets will be earmarked for highest-priority and efficiency projects.  

“The wide variety of regulatory mandates and changes coming into force in the near term in the U.S. magnifies the pressure on healthcare providers, commercial payers and public sector agencies to maximize the value and ROI of their IT spend to meet these requirements,” said TBR healthcare analyst Joseph Walent, in a news release. 

 

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